Elliott Wave Analysis On USDCHF And EURAUD

USDCHF

USDCHF after completing an ending diagonal in the red wave C) made a nice
bullish move up with the highs around 0.9816. From there we have seen an A-B-C
pullback that unfolded and recently price broke above the upper corrective
channel line. This break usually indicates that more gains could be in store.

USDCHF, 1H

EURAUD

EURAUD is still going nowhere, thus is still searching for potential lows.
Current pullback is long in time and we are observing 1.4830 as the probable
low and expect to see a reversal higher around the Fibonacci ratio of 61.8
and the formal wave iv) swing.

EURAUD, 4H

Interested in our services ? We have a Special Offer : Get First
2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com

Grega is based in Slovenia and has been involved in markets since 2003. He
is the owner of www.ew-forecast.com,
but before that he was working for Capital Forex Group and TheLFB.com. His
feature articles have been published on: SafeHaven.com, FXstreet.com, Thestreet.com,
Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com,
etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016.
At www.ew-forecast.com he helps clients
and educate them about the Elliott wave prinicple and how to label and track
unfolding patterns in real time. His approach to the markets is mainly technical.
He uses a lot of different methods when analyzing the markets such as candlestick
patterns, MA, technical indicators etc. His specialty however is Elliott Wave
Theory which could be very helpful especially if you know how to use it in
combination with other tools/indicators.

EW-Forecast: To be involved in the market effectively, you need the
right guidance and resources, and our team can help you to achieve that. Our
team is providing advanced informations about Elliott Wave theory in real time.
The Elliott Wave Principle gives you a method for identifying the behavior
of the markets and at what points the market is most likely to turn. We help
new traders who are interested in Elliott Wave theory to understand it correctly.
We are doing our best to explain our views as simple as possible with educational
goal, because knowledge itself is power!

Please be informed that information we provide ARE NOT trading recommendation
or investment advice. All of our work is for educational purposes only.